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There has been a big shift in the lower half of the crypto top 20 today, and popular meme coin Shiba Inu is once again in the spotlight — but not in the direction SHIB holders might prefer.
The meme coin market is bouncing back after Trump stopped plans to raise tariffs and new inflation data showed signs of slowing down. This positive news helped Bitcoin move closer to $85,000, which triggered buying interest in popular meme coins like Dogecoin and Shiba Inu.
Shiba Inu is currently experiencing an identity crisis as it is nowhere near its own version from 2021. SHIB seems to be losing steam quickly due to poor fundamentals, waning whale interest and a lack of leadership.
With Bitcoin (BTC) swiftly reclaiming $80K, the outlook for crypto markets has improved, with many expecting altcoins to rally. Among memecoins, can Dogecoin (DOGE) lead or will Shiba Inu (SHIB) price take the initiative?
Shiba Inu (SHIB) is showing signs of recovery after a sharp crypto market sell-off earlier this week triggered by macroeconomic pressures. The meme coin surged from $0.00001029 to $0.00001214 on Wednesday, briefly dipped on Thursday, and then resumed its rebound Friday, hitting $0.00001238 early Saturday.
Shiba Inu price has moved sideways in the past few days after falling to a crucial support level. It was trading at $0.00001240, a few points above the year-to-date low of $0.00001080. This means that it remains sharply lower than last year's high of $0.00004560. This article explores the potential scenarios for the coin.
A recent analysis by a Bitcoin analyst has thrown cold water on the possibility of the Shiba Inu price hitting the $1 mark. The analyst firmly dismissed the idea, suggesting that it is highly unlikely, if not downright impossible.
Shiba Inu's price spiked as token burns soared and bullish technicals pointed to a major breakout.
The memecoin ecosystem has joined the latest revival in the broader market, with the Shiba Inu price now in the spotlight. The memecoin has reset its bearish outlook and will break crucial price milestones in the coming days.
The price of Shiba Inu (SHIB) continued to fall and reached a low of $0.00001028 on April 7. The bulls bought the dips as it corrected higher.
In the midst of a wider cryptocurrency market recovery, the burn rate of Shiba Inu (CRYPTO: SHIB) has seen a dramatic increase of 580%. What Happened: A significant rise in the burn rate and price of the Shiba Inu token, despite a decrease in volume.
Shiba Inu, along with the broader crypto market, rebounded after an earlier sell-off in the week sparked by macroeconomic concerns.
As the net capitalization of the cryptocurrency segment is growing, meme coin holders benefit. Bonk (BONK) is attempting to blast past the $1 billion cap yet again while Pengu (PENGU) and Dogwifhat (WIF) meme coins are also posting double-digit gains overnight.
Shiba Inu (SHIB 2.96%) and Dogecoin (DOGE 3.75%) used to be similarly valued cryptocurrencies. But Shiba Inu has been underperforming its rival meme coin over the past year, which appears to have gotten a boost from the Department of Government Efficiency (DOGE) agency Elon Musk is behind -- its acronym is the same as the symbol for Dogecoin.
Data recently shared by the Shibburn tracking platform that picks data from Etherscan has revealed that a massive SHIB burn rate increase has taken place overnight. This metric has demonstrated a three-digit growth just a few steps away from a four-digit one.
Despite the recent market turbulence that pushed Shiba Inu (SHIB) to a 13-month low of $0.0000010 on Monday, popular crypto analyst Luckside Crypto has identified three key catalysts that could drive the popular meme coin toward a significant price recovery, potentially reaching $0.0003.
Shiba Inu burn rate continues to deal a massive blow to the meme coin's circulating supply, surging nearly 1000% this Saturday. Recent statistics from the token's official burn tracker revealed that almost 17 million coins were removed from the circulating supply in just a day.
Shiba Inu (SHIB) has seen a sharp resurgence in its token burn activity, recording a staggering 580.28% spike in burn rate over the past 24 hours, according to Shibburn. This follows several days of subdued burn activity, sparking renewed optimism within the SHIB ecosystem.
Shiba Inu (SHIB) is battling to maintain its position among the top 20 cryptocurrencies by market capitalization, as it faces stiff competition from Sui Network (SUI). SHIB is currently priced at $0.00001202, up 0.84% over the past 24 hours, according to CoinMarketCap.
SHIB burn rate and price note a resurgence, but volume remains in the red. What does this mean for the SHIB ecosystem?
Cryptocurrency analyst Davinci Jeremie, who became popular following his 2011 advice to purchase Bitcoin when it was only priced at $1, has shared his take on whether Shiba Inu (SHIB) is ever going to hit the $1 price target. In a recent video, Jeremie delved into the mathematical reality behind such a price prediction and
The price of Shiba Inu is in consolidation as bulls fight to keep the coin from dropping, sliding off the top 20 assets ranked by market cap. In reality, the meme coin is fighting to reclaim its lost ranking from Sui Network, with market capitalization for both assets almost closely matched.
SHIB has risen by 0.5% today, yet its weak momentum in recent weeks suggests that now may be the time to invest in a new and more promising alternative. The post Will SHIB Miss the Next 1,000% Rally? Investors Are Already Piling Into This Other ICO appeared first on Cryptonews.
With the growing competition in the blockchain ecosystem, Shiba Inu's Layer-2 blockchain, Shibarium, is struggling to keep up with its competitors as its daily trading volume plunges to only $21,000, far behind rivals like Polygon and Base. This raises concerns for Shiba Inu investors as traders seem to be shifting their focus elsewhere.
